International Paper Company (IP)
NYSE: IP · Real-Time Price · USD
37.24
+0.80 (2.20%)
At close: Sep 4, 2026, 4:00 PM EDT
36.18
-1.06 (-2.85%)
After-hours: Sep 4, 2026, 7:48 PM EDT
International Paper Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -3,438 | -3,516 | 557 | 288 | 1,504 | 1,752 |
Depreciation & Amortization | 2,930 | 2,747 | 851 | 1,146 | 1,040 | 1,144 |
Loss (Gain) From Sale of Assets | 1,085 | 975 | -58 | - | - | -444 |
Asset Writedown & Restructuring Costs | 2,837 | 3,085 | 221 | 99 | 165 | 509 |
Loss (Gain) From Sale of Investments | - | - | - | 153 | 478 | -173 |
Loss (Gain) on Equity Investments | - | - | - | 13 | -87 | -154 |
Other Operating Activities | -706 | -894 | -337 | -150 | -781 | -178 |
Change in Accounts Receivable | 39 | 70 | 95 | 303 | -162 | -645 |
Change in Inventory | 159 | 158 | 12 | 73 | -162 | -263 |
Change in Accounts Payable | -681 | -1,027 | -140 | -402 | 110 | 519 |
Change in Other Net Operating Assets | 386 | -35 | 23 | 24 | 69 | -37 |
Operating Cash Flow | 2,647 | 1,698 | 1,678 | 1,833 | 2,174 | 2,030 |
Operating Cash Flow Growth | 139.33% | 1.19% | -8.46% | -15.68% | 7.09% | -33.73% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -2,155 | -1,857 | -921 | -1,141 | -931 | -549 |
Sale of Property, Plant & Equipment | 156 | 218 | 91 | 4 | 13 | 101 |
Cash Acquisitions | -460 | 414 | - | - | - | -80 |
Divestitures | 1,086 | 141 | - | - | - | 827 |
Investment in Securities | - | - | - | 472 | - | 908 |
Other Investing Activities | 38 | 60 | 22 | -3 | 310 | 4,847 |
Investing Cash Flow | -1,335 | -1,024 | -808 | -668 | -608 | 6,054 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 181 | - | - | 1 | 65 |
Long-Term Debt Issued | - | 409 | 102 | 783 | 1,011 | 1,512 |
Total Debt Issued | 234 | 590 | 102 | 783 | 1,012 | 1,577 |
Short-Term Debt Repaid | - | - | -69 | -8 | - | -4,220 |
Long-Term Debt Repaid | - | -255 | -141 | -780 | -1,017 | -2,509 |
Total Debt Repaid | -884 | -255 | -210 | -788 | -1,017 | -6,729 |
Net Debt Issued (Repaid) | -650 | 335 | -108 | -5 | -5 | -5,152 |
Repurchase of Common Stock | -33 | -65 | -23 | -218 | -1,284 | -839 |
Common Dividends Paid | -979 | -977 | -643 | -642 | -673 | -780 |
Other Financing Activities | -5 | -1 | -1 | -1 | -92 | -474 |
Financing Cash Flow | -1,667 | -708 | -775 | -866 | -2,054 | -7,375 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -54 | 25 | -38 | 10 | -3 | -9 |
Net Cash Flow | -409 | -9 | 57 | 309 | -491 | 700 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 492 | -159 | 757 | 692 | 1,243 | 1,481 |
Free Cash Flow Growth | - | - | 9.39% | -44.33% | -16.07% | -35.94% |
Free Cash Flow Margin | 2.03% | -0.67% | 4.78% | 4.32% | 5.87% | 7.65% |
Free Cash Flow Per Share | 0.93 | -0.31 | 2.14 | 1.98 | 3.39 | 3.77 |
Levered Free Cash Flow | 1,647 | 553.25 | 790.63 | 498.25 | 1,061 | 2,402 |
Unlevered Free Cash Flow | 1,982 | 897.63 | 1,061 | 759.5 | 1,313 | 2,670 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 558 | 550 | 437 | 459 | 380 | 473 |
Cash Income Tax Paid | - | 161 | 394 | 340 | 345 | 601 |
Change in Working Capital | -97 | -834 | -10 | -2 | -145 | -426 |